US highway bill won't benefit steel industry until end of 2016: trade group

It will likely be some time before the steel industry benefits from the recently signed US highway transportation bill, according to Adam Parr, vice president of policy and communications at the Steel Manufacturers Association.

"The economic impact of this bill really won't be felt until the end of 2016, early 2017," Parr told the Platts Steel Markets North America Conference in Chicago Tuesday.